This worked for me. When you start up the launcher, go to the settings icon, then allocate 1-2 GB of ram and check PermGen Size. Restart your launcher and the problem should be fixed! Enjoy!
sox, thank you so much. You are the only person on this forum (that I could find) that has helped me with this problem. If you dont mind, I will send your strategy (to fix the launcher) to other people that have the same problem.